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you had speaker boehner going one way on the fiscal cliff deal. you had majority leader eric cantor going another way. there seems to be a split inside the party. >> and you hear it in the grassroots. you hear it all across the country. the republican party historically has been against raising taxes. but viewers should know that 98.5% of americans are going to get a permanent tax cut and that even grover norquist the leader in the anti-tax movement has said that this isn't a tax increase. you're correct, that there are schisms within the gop that did not exist before but that's what a new congress does. and if the focus turns from tax policy to spending i think that you'll find that the republicans will unite. >> yeah, but i think part of the criticism as you know frank, is that here's a republican party that agreed to tax cuts but got no spending cuts and no entitlement reform out of this president, that it wasn't a great deal after all. >> and that's -- and the american people would agree with that. norah, you're correct. and so they're going t
you had speaker boehner going one way on the fiscal cliff deal. you had majority leader eric cantor going another way. there seems to be a split inside the party. >> and you hear it in the grassroots. you hear it all across the country. the republican party historically has been against raising taxes. but viewers should know that 98.5% of americans are going to get a permanent tax cut and that even grover norquist the leader in the anti-tax movement has said that this isn't a tax...
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Jan 2, 2013
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wall street is liking the "fiscal cliff" deal. the dow is up by 225 points. the nasdaq is also soaring up 70 points at this time. >>> while investors are reacting positively to the deal, it is going to result in less money in your paycheck. washington leaders decide toddies continue the social security tax cut enacted two years ago. the so-called payroll tax will rise from 4.2% to 6.2%. that means a person making $50,000 a year will see about $1,000 more taken from his paycheck. >>> and the bill headed to president obama also contains a provision averting the dairy cliff. the legislation extends part of the 2008 farm bill through september and expiration of federal dairy programs could have resulted in milk prices doubling within a few weeks. so it's a good thing we also averted the dairy cliff. i think everything from now on should just have a cliff after it so it's more dramatic. >> totally, yeah, i know. ashley, a little hollywood news in here? hugh hefner is a married man now? >> reporter: yes. here he goes again down the aisle. the 86-year-old founder of
wall street is liking the "fiscal cliff" deal. the dow is up by 225 points. the nasdaq is also soaring up 70 points at this time. >>> while investors are reacting positively to the deal, it is going to result in less money in your paycheck. washington leaders decide toddies continue the social security tax cut enacted two years ago. the so-called payroll tax will rise from 4.2% to 6.2%. that means a person making $50,000 a year will see about $1,000 more taken from his...
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Feb 27, 2013
02/13
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republicans agree to raise taxes in the "fiscal cliff" deal last month. and they say that's enough. danielle nottingham, cbs news, washington. >> scott pelley sat down with house speaker john boehner to discuss what if anything can be done to stop the budget cuts. hear what he has to say on the "cbs evening news" right after this newscast. >>> a san francisco woman was honored in washington today for her dedication to improving education among african- americans. the white house honored her and nine others from around the country as champions of change. she is the first deaf-blind student at harvard law school currently on the way to becoming a disability rights lawyer. we'll be right back. mom, i invited justin over for lunch. good. no, not good. he's a vegetarian and he's going to be here in 20 minutes! [ mom ] don't stress. we can figure this out. ♪ ♪ [ male announcer ] get the speed to make a great first impression. call today to get u-verse high speed internet for as little as $14.95 a month for 12 months with a one-year price guarantee. this is delicious. ♪ ♪ [ male an
republicans agree to raise taxes in the "fiscal cliff" deal last month. and they say that's enough. danielle nottingham, cbs news, washington. >> scott pelley sat down with house speaker john boehner to discuss what if anything can be done to stop the budget cuts. hear what he has to say on the "cbs evening news" right after this newscast. >>> a san francisco woman was honored in washington today for her dedication to improving education among african-...
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the world markets are reacting this morning to the fiscal cliff deal. and how will the agreement affect your paycheck? ashley morrison here in new york with more on that. good morning to you. >> good morning to you, terrell. asian markets got a big boost of the fiscal cliff agreement. hong kong's hang sang gained nearly 3% and south korea's kospi added nearly 2%. tokyo's nikkei was closed. and wall street is primed for a big day. futures are up and they're coming up a strong finish to 2012. on the last trading day of the year, the dow added 166 points, while the nasdaq gained 59 points. >> while investors have reacted positively to the deal, it's going to result in less money to your paycheck. washington leaders decided to discontinue the social security tax cut enacted two years ago. the so-called payroll tax will rise from 4.2% to 6.2%. that means a person making $50,000 a year will see about a $1,000 a year more taken from their paycheck. >>> the bill headed to president obama also contains a provision of averting the so-called dairy cliff. the legis
the world markets are reacting this morning to the fiscal cliff deal. and how will the agreement affect your paycheck? ashley morrison here in new york with more on that. good morning to you. >> good morning to you, terrell. asian markets got a big boost of the fiscal cliff agreement. hong kong's hang sang gained nearly 3% and south korea's kospi added nearly 2%. tokyo's nikkei was closed. and wall street is primed for a big day. futures are up and they're coming up a strong finish to...
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Jan 3, 2013
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but the last-minute agreement only deals with half the fiscal cliff. the other half is $110 billion in across-the-board spending cuts to defense and domestic programs this year alone. negotiators decided to postpone those cuts for two months, setting the stage for another spending fight that republicans like bob dold of illinois are eager to have. >> i, for one, hope that we can talk about reigning in the out- of-control spending, but it won't happen with one party or the other. it's going to have to be about bipartisanship. >> reporter: that bipartisanship is going to get tested right away when the new congress, which gets sworn in tomorrow, has to take a vote some time in the next two months over whether to raise the debt ceiling. republicans say they want big entitlement cuts in exchange for their votes. the president, anthony, says he's not negotiating. >> mason: nancy, is speaker boehner in any trouble over all this? >> well, the speaker does come up for a vote tomorrow about whether he gets to keep his speakership. there were certainly some conse
but the last-minute agreement only deals with half the fiscal cliff. the other half is $110 billion in across-the-board spending cuts to defense and domestic programs this year alone. negotiators decided to postpone those cuts for two months, setting the stage for another spending fight that republicans like bob dold of illinois are eager to have. >> i, for one, hope that we can talk about reigning in the out- of-control spending, but it won't happen with one party or the other. it's...
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the dow is up 7.5% since the fiscal cliff deal at the beginning of the year.ts and yesterday, it closed the week just 75 points below its record high in october 2007. jim awad joins us now, the 2 president of plimsoll mark capital. we've been hearing all the of different ways the spending cuts could affect the economy but the markets haven't flinched. the >> the markets have concludednomy the economy is getting stronger.markets the recent incremental snooze m better than expected. we can take the headwind of snooz these cuts and continue to growe as an economy. people, the republicans got their spending cuts, the democrats got their tax increases and the budget deficit tax will decline so we're not in bad shape. >> axelrod: we have seen good numbers this week. n consumer confidence is up, new>> axe housing sales up significantly. is it a question of when these cuts are going to have ao negative impact or if there will be a negative impact at all? >> i think it's a question of >> "if" because the economy seems strong enough to withstand these really very modest cuts in spending, and we'r
the dow is up 7.5% since the fiscal cliff deal at the beginning of the year.ts and yesterday, it closed the week just 75 points below its record high in october 2007. jim awad joins us now, the 2 president of plimsoll mark capital. we've been hearing all the of different ways the spending cuts could affect the economy but the markets haven't flinched. the >> the markets have concludednomy the economy is getting stronger.markets the recent incremental snooze m better than expected. we can...
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the fiscal cliff deal was the last piece of legislation considered by the 112th congress. the new congress is sworn in today, facing some of the same tax, spending, and debt issues that stymied their predecessor. tara mergener joins us. tara, good morning to you. >>> good morning, terrell. terrell, dozens of freshmen join the ranks today, but they face plenty of old business and the reality of a bitterly divided government. there will be fresh faces and new challenges when the 113th congress is sworn in today on capitol hill. >> it's a privilege and you realize that the hard part is still what lies ahead. >> the new term wil begin almost immediately with several issues left over from the last session, including a bill to provide financial relief for victims of superstorm sandy, deep spending cuts known as sequestration tabled during the fiscal cliffs talks this week, including a bill to increase the nation's debt limit, but it won't take much for them to surpass the previous group in terms of legislative success. >> they tell me this is the least productive congress in the
the fiscal cliff deal was the last piece of legislation considered by the 112th congress. the new congress is sworn in today, facing some of the same tax, spending, and debt issues that stymied their predecessor. tara mergener joins us. tara, good morning to you. >>> good morning, terrell. terrell, dozens of freshmen join the ranks today, but they face plenty of old business and the reality of a bitterly divided government. there will be fresh faces and new challenges when the 113th...
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Feb 26, 2013
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republicans say they raised taxes in the "fiscal cliff" deal in january. >> mr. president, you got your tax increase. it's time to cut spending here in washington! >> reporter: there seems to be a willingness on the part of some republicans to let the cuts happen figuring since they are phased in over several months the impact won't be as severe as the president suggests. the president said during a meeting of the nation's governors monday, the budget cuts are already being felt. >> companies are preparing layoff notices. families are preparing to cut back on expenses. >> reporter: but some republican governors aren't buying it. >> i think it is possible to cut less than 3% of the federal budget without causing devastating consequences. >> reporter: the president is using scare tactics, they say. susan mcginnis, cbs news, washington. >> senate democrats and senate republicans are expected to introduce separate bills this week but it's unlikely that either will pass. house republicans say they are waiting on the senate. >>> 4:40 you know. coming up, the diet that
republicans say they raised taxes in the "fiscal cliff" deal in january. >> mr. president, you got your tax increase. it's time to cut spending here in washington! >> reporter: there seems to be a willingness on the part of some republicans to let the cuts happen figuring since they are phased in over several months the impact won't be as severe as the president suggests. the president said during a meeting of the nation's governors monday, the budget cuts are already...
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republicans say they'd raise taxes in the fiscal cliff deal in january. >> mr. president, you got your tax increase. it's time to cut spending here in washington. >> reporter: there seems to be a willingness on the part of some republicans to let the cuts happen figuring since they're phased in over several months the impact won't be as severe as the presidentings ings issuggests. the president said at a meeting monday that budget cuts are already being felt. >> companies are preparing layoff notices. families are preparing to cut back on expenses. >> reporter: some republican governors aren't buying it. >> i think it is possible to cut less than 3% of the federal budget without causing devastating consequences. >> reporter: they say the president is using scare tactics. one republican, senator graham of south carolina, said he is open to raising tax revenue if the president is open to overhauling the big entitlement programs. but most republicans here on capitol hill, anne-marie say they are done raising taxes. >> susan mcginnis in washington. thank you. >>> on
republicans say they'd raise taxes in the fiscal cliff deal in january. >> mr. president, you got your tax increase. it's time to cut spending here in washington. >> reporter: there seems to be a willingness on the part of some republicans to let the cuts happen figuring since they're phased in over several months the impact won't be as severe as the presidentings ings issuggests. the president said at a meeting monday that budget cuts are already being felt. >> companies are...
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cliff deal, lighten up on that, put taxes on the table or loophole tolz get this result. >> before we approach this transportation bill this session, we had major spending cuts. we've had other tax decreases. we've done a lot of things to get us to be a very competitive state for job creation, economic development. but we had a different approach when it came to infrastructure. what i would say-- and governor o'malley and i agree and we're work together to make sure we don't have the defense industry hurt this badly and 200,000 jobs from my state over 10 years. i would say you can't solve the budget crisis if you don't take on medicaid and medicare and get serious about things like simpson-bowles and actually cutting spending. i would say that's where they've got to go first. they've had 18 months. >> garrett: so no tax increases? >> the solution is up to congress. i'm saying don't put all the burdens on the states and the military. you guys figure out how to get it done glaring some of the things the administration has said would be fewer border patrol agents. do you worry about that
cliff deal, lighten up on that, put taxes on the table or loophole tolz get this result. >> before we approach this transportation bill this session, we had major spending cuts. we've had other tax decreases. we've done a lot of things to get us to be a very competitive state for job creation, economic development. but we had a different approach when it came to infrastructure. what i would say-- and governor o'malley and i agree and we're work together to make sure we don't have the...
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house speaker john boehnor afternoon said republicans raised taxes in the fiscal cliff deal and will not again to avoid the automatic budget cuts known as the sequester. >> the president says we have to have another tax increase in order avoid the sequester. well, mr. president, you got your tax increase. it's time to cut spending here in washington. >> reporter: irritation with ever more frequent budget showdowns is growing and none of the key players are talking to each other. there's every indication that washington's string of dramatic 11th hour compromises will soon be broken. >> pelley: major, thank you. we thought you'd like to see how much of a cut all of this really is. the whole federal budget is more than $3.5 trillion. the budget cut that would start on friday is $85 billion, so that's a cut of 2.4% of the budget. but a lot of big programs such as social security are exempt from the cuts so the cuts will be focused in this way: defense will be cut back 7.7% and most other programs will be cut 5.2%. here's the trouble: the law does not allow bureaucrats to decide where to
house speaker john boehnor afternoon said republicans raised taxes in the fiscal cliff deal and will not again to avoid the automatic budget cuts known as the sequester. >> the president says we have to have another tax increase in order avoid the sequester. well, mr. president, you got your tax increase. it's time to cut spending here in washington. >> reporter: irritation with ever more frequent budget showdowns is growing and none of the key players are talking to each other....
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cliff" deal. that compromise doesn't address all or problems. there is some agreement on both sides of the aisle. no one appears to fully support the deal on capitol hill. cbs reporter danielle nottingham on the next crisis looming on the horizon. >> reporter: as the 112th congress wraps up its work, lawmakers getting ready to leave washington aren't exactly proud of the deal to avoid the "fiscal cliff." >> i hate this agreement. i hate it with every fiber of my being. >> reporter: late tuesday night, the house signed off on a bill that will prevent a middle class tax hike and delay automatic spending cuts. mark goldwine of the committee for a responsible federal budget says, congress missed an opportunity to tackle the ballooning federal debt. >> this problem isn't going away and so they are going to keep working on it until they get it. >> reporter: the bill raises taxes on families making more than $450,000 a year. and it extends long-term jobless benefits for a year. but the law does not inclu
cliff" deal. that compromise doesn't address all or problems. there is some agreement on both sides of the aisle. no one appears to fully support the deal on capitol hill. cbs reporter danielle nottingham on the next crisis looming on the horizon. >> reporter: as the 112th congress wraps up its work, lawmakers getting ready to leave washington aren't exactly proud of the deal to avoid the "fiscal cliff." >> i hate this agreement. i hate it with every fiber of my...
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the white house and the gop have reached a deal on how to avoid the "fiscal cliff." the news comes just three hours before the new year's deadline. cbs 5 reporter grace lee on where it all stands now. grace. >> reporter: late developments brian. this all coming together in the last several minutes. what we have just learned is that the senate will be voting tonight before midnight. that's the deadline and you can see we have a live look at the u.s. capital as of right now. we are also just hearing that the vice president is headed right here to the capital to brief senate democrats on the details of the deal that they will be voting on toinght. for individuals making more than 400,000 or households more than $450,000, their tax rates are expected to go up next year. for two million jobless americans, their unemployment benefits should be extended at least another year. and that so-called inheritance tax will go from 35 to 40%. but even with all these compromises, it is likely that most of us will be shelling out more cash to the irs come next year. >> you know, keep
the white house and the gop have reached a deal on how to avoid the "fiscal cliff." the news comes just three hours before the new year's deadline. cbs 5 reporter grace lee on where it all stands now. grace. >> reporter: late developments brian. this all coming together in the last several minutes. what we have just learned is that the senate will be voting tonight before midnight. that's the deadline and you can see we have a live look at the u.s. capital as of right now. we...
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cliff deal. house speaker john boehner. >> the president got his tax hikes on january 1. this discussion about revenue in my view, is over. >> reporter: there are no new talks scheduled or even contemplated to slow, soften or redirect the cuts. for those hurt by these reductions it may feel arbitrary but in washington clearly it is now intentional. [ male announcer ] coughequence™ #8. waking the baby. [ coughs ] [ baby crying ] ♪ ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. bonjour! is that a fruit or a vegetable, do you think? i don't know. i can ask. c'est un fruit ou un legume? it's a fish. busy in here. yeah. progressive mobile is... [ "everybody have fun tonight" plays ] really catching on! people can do it all! get a quote, buy and manage your policy! -[ music stops ] -it's great! well, what's with the... -[ music resumes ] -music? ♪ have fun tonight ♪
cliff deal. house speaker john boehner. >> the president got his tax hikes on january 1. this discussion about revenue in my view, is over. >> reporter: there are no new talks scheduled or even contemplated to slow, soften or redirect the cuts. for those hurt by these reductions it may feel arbitrary but in washington clearly it is now intentional. [ male announcer ] coughequence™ #8. waking the baby. [ coughs ] [ baby crying ] ♪ ♪ [ male announcer ] robitussin® liquid...
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. >>> the "wall street journal" says the 11th hour deal to avoid the fiscal cliff will delay tax refunds for millions of people. the irs will not begin the main tax filing season until january 30th, about a week later than scheduled. >>> and "the washington post" says redskins quarterback robert griffin iii will have knee surgery in the coming days. you may recall the controversy on sunday as griffin played hurt in a redskins playoff game leaving injured in the fourth quarter. griffin has at least one torn knee ligament the injury might keep him sidelined at the start of next season. >>> and "usa today" reports major league baseball dugouts are finally going wireless. t-mobile is creating an on-field communication system, it will do away with the old dugout phones that >>> new photos of robert . >>> new photos of robert levinson, this morning we'll ask former insider john miller what the photos reveal about where levinson is being held captive. >>> and two boeing 787s run into trouble on consecutive days. so what's going on now the dreamliner? >> every new airplane has growing pains espe
. >>> the "wall street journal" says the 11th hour deal to avoid the fiscal cliff will delay tax refunds for millions of people. the irs will not begin the main tax filing season until january 30th, about a week later than scheduled. >>> and "the washington post" says redskins quarterback robert griffin iii will have knee surgery in the coming days. you may recall the controversy on sunday as griffin played hurt in a redskins playoff game leaving injured in...
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and really important, there are tax credits that were extended as part of the fiscal cliff deal. this could help a lot of low to mid income taxpayers defray that increase in payroll taxes. pay attention at tax time. you will find some money. >> good to see you. thank you very much. >> great to be with you. >> still think it's worth getting excited when you get a big tax refund, jill. don't be a buzz kill. >> wait a second. >> don't be a buzz kill. >> when you give interest-free loans -- >> i hear you. >>> we'll hand it over to charlie. >> we want now to show you some performers who are turning the world of modern dance on its side. they do much of their dancing on skyscrapers and cliffs wearing rockclimbing gear. a lesson in their unique art. >> reporter: these are dancers who clearly believe that all the world's a stage. from colorful cathedrals to the broadside of office buildings, all they ask of the audience is a simple change in perspective. >> like oh, i thought this only went like this, but what if i think about it like this. >> reporter: they call themselves bandalus. a t
and really important, there are tax credits that were extended as part of the fiscal cliff deal. this could help a lot of low to mid income taxpayers defray that increase in payroll taxes. pay attention at tax time. you will find some money. >> good to see you. thank you very much. >> great to be with you. >> still think it's worth getting excited when you get a big tax refund, jill. don't be a buzz kill. >> wait a second. >> don't be a buzz kill. >> when you...
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nobody appears to like the deal but averted the "fiscal cliff" though. cbs reporter danielle nottingham is in washington with the next crisis looming on the horizon. hi, danielle. >>> reporter: hello, brian. and some lawmakers express their disappointment while still voting in favor of this law. no one wanted to see higher taxes for the middle class. but congress only prevented one crisis to face another in the coming weeks. >>> reporter: as the 112th congress wraps up its work, lawmakers getting ready to leave washington aren't exactly proud of the deal to avoid the "fiscal cliff." >> i hate this agreement. i hate it with every fiber of my being. >> reporter: late tuesday night, the house signed off on a bill that will prevent a middle class tax hike and delay automatic spending cuts. mark gold wine of the committee for a responsible federal budget says congress missed an opportunity to tackle the ballooning federal debt. >> this problem isn't going away. >> reporter: the bill raises taxes on families making more than $450,000 a year and extends long-te
nobody appears to like the deal but averted the "fiscal cliff" though. cbs reporter danielle nottingham is in washington with the next crisis looming on the horizon. hi, danielle. >>> reporter: hello, brian. and some lawmakers express their disappointment while still voting in favor of this law. no one wanted to see higher taxes for the middle class. but congress only prevented one crisis to face another in the coming weeks. >>> reporter: as the 112th congress wraps...
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republicans say they raised $600 billion in the fiscal cliff deal and now is the time they say to focus on spending cuts. >> the prot got his tax hikes on january 1st. this discussion about revenue in my view is over. >> washington has got a spending addiction and it's time to begin to deal with that addiction. >> reporter: the cuts will hit every single agency. friday they canceled 11 ship maintenance projects in virginia. other agencies prepared orders for mandatory time off without pay and steep reductions in overtime. those furloughs could start in mid-april. >> people are going to be hurt. the economy will not grow as quickly as it would have. unemployment will not go down as quickly as it would have. and there are lives behind it. >> reporter: top white house officials predict republican ends will eventually cave and give in. they say they've never been more unified and they'll withstand whatever pressure comes from the white house and the public. this much we know to be true. until this morning the politics and spending cuts have been entirely theoretical. now they're going to be
republicans say they raised $600 billion in the fiscal cliff deal and now is the time they say to focus on spending cuts. >> the prot got his tax hikes on january 1st. this discussion about revenue in my view is over. >> washington has got a spending addiction and it's time to begin to deal with that addiction. >> reporter: the cuts will hit every single agency. friday they canceled 11 ship maintenance projects in virginia. other agencies prepared orders for mandatory time off...
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well, a deal is now on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here. but i think we can say we've done some good for the country. >> r if the bill eventually becomes law, the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from hitting millions of middle-class families. >> middle-class families will wake up today to the assurance that their taxes won't go up $2,200 each. >> reporter: the senate agreement delays $110 billion in spending cuts that were due to kick in today for another two months. but because the bill doesn't address spending, getting it passed in the ho
well, a deal is now on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here. but i think we can say we've done some...
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so this is really a temporary deal and in just a couple of months we could see another "fiscal cliff" and that's the concern with a lot of the lawmakers here on capitol hill today, frank. >> still some work to do. okay, danielle knottingham in washington, thank you. >>> a high-speed chase killed two and another is clinging to life in the hospital. cbs 5 reporter cate caugiran is at the scene. can you tell us what started the chase? >> reporter: well, grace, it all actually began with reports of shots fired. this is a tragic ending especially that we're kicking off the new year. two people are dead another fighting for his life after this crash happened here at the corner of south van ness and 21st street. neighbors woke up to 2013 with a boom. but not what they were expecting. >> i was sleeping and it was just a loud crash. i just got up because i was curious about what it was. but it was really loud. so then i just heard police and sirens everywhere. >> reporter: the whole incident started after sfpd got reports of shots fired at valencia gardens just after 7:45, not too far from thi
so this is really a temporary deal and in just a couple of months we could see another "fiscal cliff" and that's the concern with a lot of the lawmakers here on capitol hill today, frank. >> still some work to do. okay, danielle knottingham in washington, thank you. >>> a high-speed chase killed two and another is clinging to life in the hospital. cbs 5 reporter cate caugiran is at the scene. can you tell us what started the chase? >> reporter: well, grace, it all...
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a divided congress passes a "fiscal cliff" compromise. but there's another big threat just a few months away. >>> it is freezing outside literally [ signal breakup ] ,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. to give a break cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men fac
a divided congress passes a "fiscal cliff" compromise. but there's another big threat just a few months away. >>> it is freezing outside literally [ signal breakup ] ,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting...
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the last-minute deal that could avoid that "fiscal cliff." when we come back. ,, ,,,,,,,,,, to give a break cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to request more information and receive a free 3-day bracelet today. ♪ building up from deep inside it was 3 days of pure joy. susan g. komen's investments in early detection and treatment have helped reduce breast cancer mortality in the u.s. by 33% since 1990. help us continue serving the millions of women and men with breast cancer who still need us every day. register for the 3-day now. (woman) it's just been an amazing, amazing journey. i love these people. ♪ and it's beautiful dance class, shopping, and more. so do something nice for it. chevron with techron
the last-minute deal that could avoid that "fiscal cliff." when we come back. ,, ,,,,,,,,,, to give a break cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to...
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Jan 2, 2013
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right now house republicans have drawn a line in the sand, but the brokered deal to avoid the "fiscal cliff" is still in jeopardy. cbs reporter danielle nottingham on what's holding things up now. danielle. >>> reporter: good evening. this isn't revolved yet. speaker john boehner gave them a choice to vote on the senate passed bill or amend it with more spending cuts and we are just getting word now from leadership aides that it's looking like they will vote on the senate's bill. how gop members left closed- door meetings with no agreement to pass the senate's "fiscal cliff" bill. the sticking point for many republicans, the senate version does not cut enough spending somewhat what we're really doing is raising taxes to give the president more money to spend. we think that's a bad idea. >> reporter: republican majority leader eric cantor told supporters he did not support the bill in its current form. do you personally oppose the bill? >> i do not support the bill. >> reporter: the senate agreement postpones harsh across-the-board spending cuts for a few months. it also makes bush-era
right now house republicans have drawn a line in the sand, but the brokered deal to avoid the "fiscal cliff" is still in jeopardy. cbs reporter danielle nottingham on what's holding things up now. danielle. >>> reporter: good evening. this isn't revolved yet. speaker john boehner gave them a choice to vote on the senate passed bill or amend it with more spending cuts and we are just getting word now from leadership aides that it's looking like they will vote on the senate's...
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what this bill doesn't do is deal with the spending side of the fiscal cliff. that sequester, the package of across the board spending cuts that's supposed to kick in at the beginning the year to both defense and nondefense related agencies. the negotiators were only able to come up with a plan to push that sequester off for a couple of months and that means, norah, that a fight is going to start right away between congress and the white house over how to come up with a package of sensible cuts to replace that sequester. >> nancy, you mentioned that the sequester was not dealt with. it also didn't deal with the debt ceiling which needs to be dealt with in the next couple of months. so what happens now? is there still hope for grand bargain or is that done? >> reporter: well, that grand bargain the president had been working out with speaker boehner was supposed to include raising the debt ceiling. that grand bargain fell apart and now congress is going to have to vote in pretty short order to raise it and republicans are already saying they're not going to do t
what this bill doesn't do is deal with the spending side of the fiscal cliff. that sequester, the package of across the board spending cuts that's supposed to kick in at the beginning the year to both defense and nondefense related agencies. the negotiators were only able to come up with a plan to push that sequester off for a couple of months and that means, norah, that a fight is going to start right away between congress and the white house over how to come up with a package of sensible cuts...
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we have a down tot wire deal. >> the senate passes a bill to ease the pain of the "fiscal cliff." the one final hurtle to cross in the next couple of hours. >> reporter: tens of thousands lined up on the embarcadero to take in the new year's eve fireworks but police say some celebrations turned violent. we'll have the details in a live report. >>> and a ritzy new york couple busted with weapons and a bomb stash. but that's not all. the book that has police so concerned. keep it right here. we'll be back. ,,,, p [ female announcer ] pillsbury crescents on their own are fantastic but add some sauce, pepperoni and cheese and fold up the crescent dough...and presto! tuesday night just became crescent pizza pocket-tastic pillsbury crescents. let the making begin here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits dance class, shopping, and more. so do something nice for it. chevron with techron. care for your car. i'm grace lee michelle has the >>> america rings i
we have a down tot wire deal. >> the senate passes a bill to ease the pain of the "fiscal cliff." the one final hurtle to cross in the next couple of hours. >> reporter: tens of thousands lined up on the embarcadero to take in the new year's eve fireworks but police say some celebrations turned violent. we'll have the details in a live report. >>> and a ritzy new york couple busted with weapons and a bomb stash. but that's not all. the book that has police so...
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Feb 19, 2013
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it was supposed to kick in january 1 but was pushed back following "fiscal cliff" negotiations. president obama wants a debt solution that includes spending cuts and tax increases. but many republicans have no interest in more tax hikes. >> let me be very clear and i say this to you as well as to the president: these spending cuts are going to go through on march 1. taxes are off the table. >> reporter: lawmakers created this deadline to try and force a broad budget deal by now but they are not even in session it week meaning no votes will occur until they get back leaving only a few days to negotiate. in the newsroom, elissa harrington, kpix 5. >>> historic day for google. stock in the internet search engine is trading above $800 for the very first time ever. slow climb to 800 though. google topped 700 over five years ago. but now it's going strong. overall, stocks are higher today too after the long president's day weekend. up nearly 50 points on this tuesday. >>> a big announcement today in the mission rock development along san francisco's waterfront. the san francisco giant
it was supposed to kick in january 1 but was pushed back following "fiscal cliff" negotiations. president obama wants a debt solution that includes spending cuts and tax increases. but many republicans have no interest in more tax hikes. >> let me be very clear and i say this to you as well as to the president: these spending cuts are going to go through on march 1. taxes are off the table. >> reporter: lawmakers created this deadline to try and force a broad budget deal...
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. >> reporter: it's not so much that he or the governor want specific from the "fiscal cliff" talks. they just want the republicans and democrats to decide, something solid, something businesses can bank on. >> businesses will tell you they can deal with a yes or no but it's maybes that make them go broke. what they want to know, is give me certainty, what are the rules of the game, what are the conditions i'm operating in and then
. >> reporter: it's not so much that he or the governor want specific from the "fiscal cliff" talks. they just want the republicans and democrats to decide, something solid, something businesses can bank on. >> businesses will tell you they can deal with a yes or no but it's maybes that make them go broke. what they want to know, is give me certainty, what are the rules of the game, what are the conditions i'm operating in and then
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Jan 1, 2013
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will go over the fiscal cliff which could trigger across-the-board sex increases and billions in spending cuts. however, there is hope for a soft landing. eadate republican leader mitch odaynnell and president obama said today a deal was close. yut late in the day house leaders announced they will not ote on a deal tonight. aiey're waiting for the senate. enswhat happens now? we have two reports beginning with nancy cordes on capitol hill. nancy, good evening. >> good evening to you, rebecca. it looks like the deadline pressure finally prompted a meeting of the minds today. negotiators agreed to a plan that extends the bush era tax icans.or 99% of americans. on they are hung up on one key looksing issue, and so it looks like we will go over the fiscal cliff at least temporarily. >> we're very, very close to an agreement. >> reporter: senate republican leader mitch mcconnell said his mcconnthe-clock negotiations with vice president biden had t id off. >> i can report that we've reached an agreement on all of the tax -- the tax -- issues. >> reporter: first and foremost, the bush era tax cu
will go over the fiscal cliff which could trigger across-the-board sex increases and billions in spending cuts. however, there is hope for a soft landing. eadate republican leader mitch odaynnell and president obama said today a deal was close. yut late in the day house leaders announced they will not ote on a deal tonight. aiey're waiting for the senate. enswhat happens now? we have two reports beginning with nancy cordes on capitol hill. nancy, good evening. >> good evening to you,...
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. >>> less than two minutes since the "fiscal cliff" brinksmanship. >> this is a problem congress can solve. >> congress can stop automatic cuts before march 1 if they reach a deal. if not $85 billion in forced spending reductions would impact nearly every federal agency. but instead of trading ideas, the two sides are mostly trading blame. >> all of this is kind of compounding about a mon -- every month there's another crisis that's manufactured by the president and the congress and that's no way to run an operation. >> the house and senate are on break. they will have four days to negotiate when they return to washington next week. >>> you don't like the weather just wait. >> you will have a long wait because winter went somewhere else. >> there's so much winter in other parts of the country that while we sit here and enjoy surgeon, 60 degrees, about every day you will see the forecast coming up in the second with sunshine for the next week, this is what's going on in the rest of the country. freezing rain in little rock, arkansas. snow on the farms from colorado through kansas all
. >>> less than two minutes since the "fiscal cliff" brinksmanship. >> this is a problem congress can solve. >> congress can stop automatic cuts before march 1 if they reach a deal. if not $85 billion in forced spending reductions would impact nearly every federal agency. but instead of trading ideas, the two sides are mostly trading blame. >> all of this is kind of compounding about a mon -- every month there's another crisis that's manufactured by the...
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house of representatives is set to vote tonight to avoid the "fiscal cliff." we'll follow the developments in the washington over the next hour and have a live report from the capital coming up at 6:30. >>> a developing story in marin county where once again somebody has been pulled to their deaths by an unexpected wave. a man, his wife and their dog were walking along the great beach at point reyes this afternoon when they got into serious trouble. witnesses say a huge wave knocked the woman into the surf. bystanders were able to rescue her without injury but the trouble wasn't over. the couple's dog was still in the water and that's when the husband tried to help. kcbs reporter todd smoot was at the great beach and described what happened. >> the rescuer went into his knees, grabbed the woman. she was on her back. he said she was completely soaked and couldn't get up. and he and another man held on to the woman. the woman's husband then came and tried to get the dog. he was knocked over by a wave from behind and the witness says he was carried out to sea imm
house of representatives is set to vote tonight to avoid the "fiscal cliff." we'll follow the developments in the washington over the next hour and have a live report from the capital coming up at 6:30. >>> a developing story in marin county where once again somebody has been pulled to their deaths by an unexpected wave. a man, his wife and their dog were walking along the great beach at point reyes this afternoon when they got into serious trouble. witnesses say a huge wave...